Powering the Ascent
HeadStarter’s post-launch Powered Ascent phase
The next phase in the mission of supporting Hedera in emerging as one of the rightful leaders in the layer-1 blockchain & DLT (Distributed Ledger Technology) adoption race will be achieved through enabling open & public-use dApps, on-chain value creation and tokenization.
The outcome will be materializing through expansion in TVL (Total Value Locked), Market capitalization of Hedera tokens & account creation / active users.
The past year since the launch of the HeadStarter dApp has helped us better identify and appreciate the support required to cater to the needs of the Hedera ecosystem and its builders.
Although the community demographic offers a healthy mix of long supporters and new-joiners, the startups are facing homogeneous obstacles that have not yet deterred ambitions given the constantly growing developer activity.
Another interesting find is the unusually high amounts of Web2.5 companies building disruption in their Web2 business highlighting Hedera’s lead as a trusted enterprise-grade network:
Yet, the value of open permissionless layer-1 networks is foremost driven by retail activity, reliable time-tested code and utility-driven projects.
Retail & institutional user activity on-chain (or on-DLT) and their trust in leveraging the infrastructure and dApps leads to a continuous feedback loop in terms of developer activity, innovation, on-chain value storage and velocity, enterprise applications, integration of real-world use cases & RWAs (Real World Assets).
Why Hedera still is a hidden gem
Hedera’s launch of SC2.0, a key SDK update for enabling composability of HTS ( Token Service ) & Smart contracts, occurred in Q2 2022 but due to macro factors, the overall Web3 space had since only seen constant outflow of capital, interest and excitement.
Recent developments and existing market dynamics have thus created an opportunity asymmetry:
- Market Capitalization of Native fungible tokens versus the Market Capitalization of the respective Layer 1 shows a 20% upside growth for the Hedera network to reach mean. This is equivalent to a 400M USD at May 2023 valuation averages.
- Total Value Locked on chain versus the Market Capitalization of the respective Layer 1 also highlights a 405% to ~1150% growth opportunity to reach mean.
HeadStarter is uniquely positioned to not only be contributing directly to Hedera network TVL growth, but will also indirectly influence it along with the token market capitalization through the support extended to ecosystem projects.
HeadStarter’s mission and functions
Dedicated building efforts towards infrastructure and foundational support mechanisms have thus become HeadStarter’s primary focus for assuring seemless experience for all stakeholders as we embark onto the next phase in adoption:
- Building powerful DeFi crowdfunding products;
- Building scalable & versatile primitives & tooling for startups and partners;
- Defining clear processes and procedures for acceleration program, project diligence verification, onboarding, deliverables & more;
- Compiling dozens of reports on upcoming Hedera projects & identifying pain-points or risk factors;
- Building relationships and partnerships with value-creation focus;
- Evangelizing the Hedera Ecosystem to institutional investors;
- Shortlisting projects to growth programs( from the 170 screened projects, the intake success rate is ˜15%);
- Overall continuing to pioneer, stimulate and drive palpable innovation on Hedera.
The areas in which HeadStarter will thus be most impactful for Hedera startups leading to overall network growth and adoption are multifold:
- Incubation;
- Acceleration;
- Access to vetted service providers;
- Access to private funding;
- Access to multiple DeFi crowdfunding products ( IDOs, INOs, Stakepools & more);
- Visibility and reputation through IRL and online events & promotions.
Update on the HST the token economy
As an exercise in transparency and future mode of operations, we are sharing the updated status and breakdown of the HST token metrics to also serve as a snippet of things to come.
As we draw ever closer to a hyper-tokenized reality, $HST continues to play a growingly fundamental role in nourishing the circular ecosystem build around startup enablement, the bedrock for a thriving community-led future on Hedera.
Our impactful journey to date, consistently delivering significant pillar features along the way wouldn’t have been possible without the continuous trust and support from the #HBARbarian fam, our OG advisors and symbiotic partners. As we step into the dawn of an evermore defining chapter of our journey, community involvement and active participation will become unilaterally more valuable.
#HelloUtility #HelloFuture #HelloDeFi
